AI TRENDS | CITIC Securities: Technology Sector Faces Short-Term Volatility Amid Global Capital Expenditure Surge

On May 17, CITIC Securities released a report indicating that the technology sector has experienced accelerated growth since May due to global giants' capital expenditures and better-than-expected performance. According to Jin10, the industry trend has gained market consensus, although recent volatility has been influenced by three factors. Overall, the medium-term outlook for technology remains unchanged, with mid-year performance validation being a crucial point. The focus will be on the dual themes of 'computing power + recovery,' with key attention on AI, optical modules, PCBs, memory chips, coal, coal chemical industry, industrial metals, power grid equipment, and humanoid robots.